Money, banking and inflation : essays in the history of monetary thought / Thomas M. Humphrey.

Acknowledgements, viii -- Preface, ix -- Part I. Banking theories -- The Theory of Multiple Expansion of Deposits: What It Is and Whence It Came, 3 -- Lender of Last Resort: The Concept in History, 12 -- The Real Bills Doctrine, 21 -- Part II. Interest rates and inflation -- Can the Central Bank Peg Real Interest Rates? A Survey of Classical and Neoclassical Opinion, 35 -- Cumulative Process Models from Thornton to Wicksell, 45 -- The Interest Cost-Push Controversy, 58 -- The Early History of the Real/Nominal Interest Rate Relationship, 66 -- Part III. The quantity theory and monetarism -- The Quantity Theory of Money: Its Historical Evolution and Role in Policy Debates, 77 -- Algebraic Quantity Equations Before Fisher and Pigou, 95 -- Role of Non-Chicago Economists in the Evolution of the Quantity Theory in America 1930—1950, 105 -- Empirical Tests of the Quantity Theory of Money in the United States, 1900-1930, 112 -- Kaldor Versus Friedman in Historical Perspective, 144 -- Part IV. Inflation theories -- Some Current Controversies in the Theory of Inflation, 161 -- Eliminating Runaway Inflation: Lessons from the German Hyperinflation, 173 -- Precursors of the P-Star Model, 178 -- Keynes on Inflation, 185 -- On Cost-Push Theories of Inflation in the Pre-War Monetary Literature, 196 -- Part V. The Phillips Curve -- 'The Evolution and Policy Implications of Phillips Curve Analysis, 205 -- Some Recent Developments in Phillips Curve Analysis, 225 -- The Early History of the Phillips Curve, 234 -- Of Hume, Thornton, the Quantity Theory, and the Phillips Curve, 242 -- Part VI. Neutrality and nonneutrality of money -- Nonneufrality of Money in Classical Monetary Thought, 251 -- Ricardo Versus Thornton on the Appropriate Monetai Response to Supply Shocks, 264 -- Two Views of Monetary Policy: The Attwood-Mill Debate Revisited, 271 -- On Nonneutral Relative Price Effects in Monetarist Thought: Some Austrian Misconceptions, 280 -- The Concept of Indexation in the history of Economic Thought, 287 -- Part VII. Price-level stabilization rules -- Fisherian and Wicksellian Price-Stabilization Models in the History of Monetary Thought, 303 -- Price-Level Stabilization Rules in a Wicksellian Model of the Cumulative Process, 313 -- A Simple Model of Irving Fisher's Price-Level Stabilization Rule, 323 -- Part VIII. Open economy considerations -- A Monetarist Model of World Inflation and the Balance of Payments, 333 -- Adam Smith and the Monetary Approach to the Balance of Payments, 343 -- The Monetary Approach to Exchange Rates: Its Historical Evolution and Role in Policy Debates, 351 -- Dennis H. Robertson and the Monetary Approach to Exchange Rates, 359 -- Bullionists' Exchange Rate Doctrines and Current Policy Debates, 367 -- The Purchasing Power Parity Doctrine, 371 -- Part IX. Geometrical tools of price theory and the theory of commercial policy -- Marshallian Cross Diagrams and Their Uses Before Alfred Marshall: The Origins of Supply and Demand Geometry, 385 -- The Trade Theorist's Sacred Diagram: Its Origin and Early Development, 406 -- Classical and Neoclassical Roots of the Theory of Optimum Tariffs, 419 -- Index, 431.